The relationship between an initial increase in planned investment and the resulting increase in income is known as the
a. capital consumption effect.
b. velocity effect.
c. multiplier effect.
d. domino effect.
c. multiplier effect.
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On the "demand side" of a market, consumers indicate what they are willing to buy, in what quantity and at what price
Indicate whether the statement is true or false
Empirical evidence suggests that more digital cameras are being sold today than one year ago, and the selling price has decreased. The probable reason for this could have been an increase in supply
a. True b. False Indicate whether the statement is true or false
Typically, economists expect oligopolistic behavior on the part of the firms when the four-firm concentration ratio is ______ or higher
a. 10 percent b. 25 percent c. 40 percent d. 60 percent e. 90 percent
Which of the following is a macroeconomic concern?
A) the unemployment rate in a specific industry B) the national output of the United States C) wage levels in specific industries D) the operation of an individual firm